In the week spanning December 30 to January 3, Bitcoin (BTC) spot exchange-traded funds (ETFs) recorded a net inflow of $245 million, signaling sustained investor interest in the leading cryptocurrency. Notably, Fidelity’s Bitcoin ETF (FBTC) led the market with a weekly net inflow of $275 million, according to data reported by SosoValue.
Last week (December 30 to January 3, EST), Bitcoin spot ETFs had a net inflow of $245 million, and Fidelity ETF FBTC had a weekly net inflow of $275 million.https://t.co/YanotfbWiJ pic.twitter.com/2ZgHKotf77
— Wu Blockchain (@WuBlockchain) January 6, 2025
In contrast, Ethereum (EBspot ETFs experienced a net outflow of $38.2 million during the same period. The Ethereum spot ETF with the largest outflows was the one managed by Bitwise Ethereum ETF (ETHW), which saw a net outflow of $56.11 million, as reported by SosoValue.
Last week (December 30 to January 3, EST), the Ethereum spot ETF had a net outflow of $38.1992million. The Ethereum spot ETF with the largest net outflow last week was Bitwise Ethereum ETHW, with a weekly net outflow of $56.11million. https://t.co/Tvs2oCSxTg pic.twitter.com/0oJ9wp4uLb
— Wu Blockchain (@WuBlockchain) January 6, 2025
Possible Implications
These contrasting fund flows highlight differing investor sentiments toward Bitcoin and Ethereum. The substantial inflows into Bitcoin ETFs suggest a bullish outlook among investors, while the outflows from Ethereum ETFs may indicate a more cautious stance.
ETFs offer investors exposure to cryptocurrencies without the need to directly purchase and store digital assets. The recent inflows and outflows in these funds provide insights into market sentiment and potential future price movements for Bitcoin and Ethereum.
Bitcoin and Ethereum Prices Break Above Crucial Levels
At the time of writing, Bitcoin has broken above $100K, following a 3.8% upswing in the past 24 hours. The flagship cryptocurrency is changing hands at about $102,260 with a market capitalization of approximately $2.025 trillion. It is worth noting that BTC fluctuated between $97,951.31 and $102,482 within a day, highlighting its massive leap in the short timeframe.
Similarly, Ethereum finally exceeded $3,500 after appreciating by 1.5% in the past 24 hours. It is priced at roughly $3,690, with a market capitalization of $444.4 billion. Today, ETH reflected minimum and maximum prices, ranging between $3,612.77 and $3,737.69. The price extremes spotlighted Ethereum’s concentrated efforts to reclaim the $4,000 mark. Moreover, the world’s most valuable altcoin 24-hour trading volume is up by 76.06%, with a valuation of $23.37 billion.
